Month: May 2019

Tether Stablecoin Now Available on EOS Blockchain

boss

Blockchain tech company Tether has announced that it is partnering with EOS parent company Block.one to release its stablecoin (USDT) on the EOS blockchain (EOSIO), according to a press release shared with Cointelegraph on May 31. According to the announcement, Tether developed the Tether EOS smart contract, which has been sent to the EOS account “tethertether” and peer-reviewed by the Canadian branch of EOS. Tether EOS is reportedly well-suited for peer-to-peer microtransactions, due to its delegated proof-of-stake design. Tether’s Chief Executive Officer, Jean-Louis van der Velde, said that expaned the…

Binance Charity Foundation Signs Memorandum of Understanding With Ugandan NGO

boss

Binance Charity Foundation (BCF), the charity arm of major crypto exchange Binance, has signed a Memorandum of Understanding (MoU) with Safe Future, a non-governmental organization (NGO) in Uganda focused on local education improvements. Binance announced the development in an official blog post on May 30. The Binance for Children Special Impact Education Project Uganda reportedly aims to provide a number of new supplies to schools in Uganda, such as solar panels, sanitary pads, school supplies, LED screens, as well as breakfast and lunch for students. According to the CEO of…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Bitcoin SV, Stellar, Cardano: Price Analysis May 31

boss

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, believes that the adoption of the blockchain technology by mainstream technology companies and interest by Wall Street firms helped start the rally. He now expects Bitcoin to remain range bound between $7,000 and…

Bitcoin Price Recovers 5.50% Following $1,100 Dip

boss

It took bitcoin just five hours to drop from its year-to-date high of $9,090 to $7,972. But, according to Crypto Michaël, the world’s leading cryptocurrency is still bullish. The prominent cryptocurrency analyst said on Friday that bitcoin’s 13 percent drop could be a “normal retracement,” notably after a giant move that pushed the cryptocurrency’s rate up by almost $5,000 in just two months. Michaël further noted that traders bought bitcoins immediately after its latest dip. As a result, the cryptocurrency recovered by up to 5.50 percent, which hinted that the cryptocurrency market is…

Binance Coin (BNB) Slide 6.1% but Margin Trading Could Spur Demand

boss

Binance Coin (BNB) falls 6.1 percent If the rumor is true, Binance is close to activating Margin Trading After six months of stellar performance, Binance coin (BNB) is correcting. Even so, if Binance enables margin trading, the demand for BNB will increase, buoying bulls aiming at $43. Binance Price Analysis Fundamentals They may be centralized and prone to hacks, but exchanges play a crucial role in the crypto ecosystem. Not only do create a market place for even the most illiquid digital assets, but these ramps bridge fiat and cryptocurrencies.…

Bitcoin Poised For Drawdown, BTC Above $6,400 Is Bullish

boss

Bitcoin Due For Pullback Josh Olszewicz, a crypto analyst at Brave New Coin, suggests that Bitcoin (BTC) may be in for an impending drawdown. Speaking to Forbes’ Benjamin Pirus in a podcast, the popular trader noted that Bitcoin has reached a point where the pullback that is on its way will “just be super painful.” He adds that BTC should’ve pulled back for a while now. Olszewicz looks to the fact that on high time frames, Bitcoin and indicators pertaining to the asset are showing bearish divergences and overbought signals,…

Bitcoin Shines Amid Wall Street Losses

boss

Bitcoin decoupled from traditional markets in May, rising more than $3,000. The cryptocurrency, currently at $8,300 on Bitstamp, is set to end higher for the fourth straight month with 60 percent gains. That is the longest monthly winning streak and the biggest monthly gain since August 2017. Notably, the leading cryptocurrency by market value has put on a good show despite the losses on Wall Street. The S&P 500 index – a benchmark for global equity markets – is on track to end May with a 6 percent loss. Other riskier…

Bitcoin (BTC) Correcting To $5,600 A Possibility

boss

BTC down 6.3 percent Law enforcement could be behind Bitcoin Blender’s closure In a week, Bitcoin Blender is the second BTC mixing service to close shop. It comes at a time when bulls are losing traction, casting doubt on the overall strength of the underlying momentum. Bitcoin Price Analysis Fundamentals In a day that saw crypto assets, including Bitcoin (BTC), register losses, investors are unfazed. Their optimism stems from a firm conviction that fundamental factors will end up supporting prices. In turn, the foundation will be the springboard from where…

Big Four Auditing Firm EY Open Sources its Ethereum Private Transaction Solution

boss

Big four auditing firm Ernst & Young (EY) open sourced the code of its Nightfall Ethereum (ETH) private transactions solution and released it on GitHub on May 31. The readme information file featured on the GitHub repository explains the function of the software in question: “Nightfall integrates a set of smart contracts and microservices, and the ZoKrates zk-snark toolkit, to enable standard ERC-20 and ERC-721 tokens to be transacted on the Ethereum blockchain with complete privacy.” In the same file, EY claims that it decided to release its research in…

Binance Coin (BNB) is 2019’s Most-Profitable Crypto at Insane 550% Gains

boss

By CCN: Binance is one of the world’s largest cryptocurrency exchanges and also the scene of a $40 million bitcoin theft. But that has not deterred the firm’s native token, Binance Coin (BNB), from becoming the 2019’s best performing digital asset. The BNB-to-dollar exchange rate established its year-to-date (YTD) high at $38.646 as on May 26, 2019. That took its profits this year to about 550-percent, including an approx 116-percent rise in May alone. In comparison, Bitcoin, the leading cryptocurrency, recorded a dwarfed 145-percent YTD gain. In truth, every digital…